Allianz Technology Trust (LON:ATT) Reaches New 12-Month High – Still a Buy?

by · The Markets Daily

Allianz Technology Trust (LON:ATT – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 399.30 and last traded at GBX 742, with a volume of 4431623 shares. The stock had previously closed at GBX 755.

Allianz Technology Trust Trading Down 1.7%

The stock’s fifty day moving average is GBX 652.43 and its two-hundred day moving average is GBX 573.36. The company has a market capitalization of £2.54 billion, a PE ratio of 6.78 and a beta of 0.67.

Allianz Technology Trust (LON:ATT – Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The company reported GBX (1.11) earnings per share for the quarter. Allianz Technology Trust had a return on equity of 21.46% and a net margin of 96.52%.

Allianz Technology Trust Company Profile

(Get Free Report)

Allianz Technology Trust is managed by the highly experienced AllianzGI Global Technology team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.

The Trust is a UK listed closed-end fund which aims to achieve long-term capital growth by investing principally in technology companies globally. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.

Recommended Stories